From: ToddC [toddc@brcrp.com]
Sent: Wednesday, November 12, 2003 9:50 AM
To: 'rule-comments@sec.gov'
Subject: Regulation SHO (s7-23-03)
If you want to stop naked short selling. Then fight the cause not the end
product.
Naked shorting occurs because of fraudulent company promoters, whom distort
the true supply and demand of the markets. They take shares from the DTC
thus making them unborrowable. This activity is done in hopes of creating
short squeezes. If you want to prevent naked shorting enforce strict rules
on fraudulent company practices. Make sure stocks have sufficient liquidity
rules. Back-up those rules with stiff fines and jail time for the guilty.
Shortsellers are rewarded when the scams they uncover drop back to market
reality. Give whistle blower fees to the people who turn in scam ridden
companies. Make your jobs easier with a little help from the markets
balancing act. (The shorts)
Sincerely,
Todd Chaffee